« previous next »

Author Question: All of the following are assumptions of the production possibilities curve EXCEPT A) resources ... (Read 40 times)

james9437

  • Hero Member
  • *****
  • Posts: 568
on: Jun 29, 2018
All of the following are assumptions of the production possibilities curve EXCEPT
 
  A) resources are fully employed.
  B) there is a fixed time period.
  C) there is a fixed level of technology.
  D) there is a fixed demand for the products.

Question 2

A price ceiling established below the market clearing price will usually cause
 
  A) nonprice rationing.
  B) an excess supply.
  C) no change in the market clearing price.
  D) a decrease in the market clearing price.


ecabral0

  • Sr. Member
  • ****
  • Posts: 310
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Production of Saliva Production of Saliva
Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
An Inverted U Curve An Inverted U Curve
Production of Ethanol process Production of Ethanol process
J or U dose-response curve J or U dose-response curve
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
Video: Peptide Bond Formation Animation

For a complete list of videos, visit our video library